Live Stream: Accounting and Auditing Update for Not-for-Profits
215 | Livestream | Update | Scheduled
Description
The most effective path to success lies in making yourself indispensable to your clients. Achieving that indispensability requires a robust understanding of your client's business. You'll explore the latest developments affecting not-for-profits including FASB requirements, OMB and Yellow Book developments. Moreover, you'll thoroughly review updates to ethics, governmental auditing standards, and accounting for not-for-profits. By participating in this course, you'll ensure you are well versed in current standards and best practices in not-for-profit accounting and auditing.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Accounting (Governmental) |
| 4.00 | Auditing (Governmental) |
Designed For
Accounting and finance personnel responsible for accounting and financial reporting for not-for-profits and auditors of those entities
Prerequisites
Knowledge of not-for-profit accounting and auditing
Highlights
- Not-for-profit accounting update
- Revenue recognition in not-for-profits
- FASB update
- Auditor's report and conforming changes
- Auditing Standards Board update
- Ethics update
- SQMS No. 1, A Firm's System of Quality Management
- Governmental auditing update
Objectives
When you complete this course, you will be able to:
- Identify how FASB's accounting updates affect not-for-profit financial statements
- Apply FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to an example financial instrument
- Identify the requirements of recently issued Statements on Auditing Standards (SASs)
- Identify the requirements of SQMS No. 1, A Firm's System of Quality Management
- Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs
- Identify changes made in the Government Auditing Standards 2024 Revision
- Recognize changes to the Uniform Guidance
Prices
- Member (Early Bird)
- $309.00
- Non-Member (Early Bird)
- $429.00
- Member
- $309.00
- Non-Member
- $429.00
Instructors
John D'Amico
John is a Managing Director within the Professional Standards Group at CBIZ, which is responsible for monitoring quality control as mandated by professional standards. He specializes in pre-issuance reviews and inspections of nonprofit organizations and governments. As a Shareholder in CBIZ CPAs*, John specializes in Single Audits, and provides consultation on accounting and attestation matters.
Further, he tests and monitors the business unit’s quality review policies and procedures. John teaches continuing education classes for the organization and on behalf of the American Institute of Certified Public Accountants (AICPA) nationally. He is a Subject Matter Expert for the Peer Review Division of AICPA, providing enhanced oversight services on their behalf.
As a sought-out thought leader in his areas of expertise, John has authored numerous articles pertaining to nonprofit accounting. He frequently leads training seminars for his clients and is an instructor for the American Institute of Certified Public Accountants (AICPA). He has presented at the annual Nonprofit Conferences of the New York State Society of CPAs; the New Jersey Society of CPAs; and the Connecticut Society of CPAs; as well as the annual Governmental Conferences of the Connecticut Society of CPAs and the Michigan Society of CPAs.
In addition to his professional activities, John is a dedicated volunteer who regularly donates his time to charitable organizations. He currently serves on several nonprofit boards of directors in a variety of capacities.
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